Dear Expert,

We have forgot to accommodate RSU payment in last FY 2020-2021.

We would like to know the impact and solution.

It will be great help if you can advise corrective action to be taken .

Earlier response is highly appreciated!

Dear All,

One of my relative is a teacher in AIDED school. She was appointed in 2011 and got confirmed in 2015. As there was nominal income during FY 2011 to 2015, no return was filed. Now in 2021, she is having Taxable income of around 8.21 lakhs and FY 2020-2021 she was given an arrear of Rs 1,50,000/- for 2011 to 2013.
In this case how can we calculte Rebate u 89(1).

DEAR SIR,

WHAT IS THE HSN CODE FOR ELECTRIC SCOOTER, RECENTLY REDUCED GST FROM 12 TO 5%,
I AM CONFUSING HSN CODE FOR ELECTRIC SCOOTER.

REGARDS

THANKING YOU

RESPECTED,

KINDLY HELP ON THIS, AIS SHOWS TRANSACTION RELATED FOREIGN PACKAGE BOOKING IN SECTION TCS-206CO AND TCS DEDUCTED ON THIS. IN INCOME TAX RETURN THE INFORMATION SHOULD MENTIONED IN WHICH COLUMN, PLEASE GUIDE ON THIS.
REGARDS

Sir,
It assess taxable income rs:6 lacs show in it returns in f.y.20-21
1.cash gift to son rs:10 lacs pay on online mode
2.assess sb bank accounts running.
Question:
1.income declared low and cash gift value large accepted in it act
2.bank sb accounts not showing in AIS and TIS.

Suppose a Nagar Palika received fund from central government and state government in last year (FY 2020-21) amounting to Rs 15 Cr. Now Nagar palika purchase various goods from a supplier to do various work for his jurisdiction like repairing of road, electricity work, for laying of pipe etc. Suppose nagar Palika purchase goods amounting to Rs 60 Lacs from a supplier. Now my question is that weather that nagar palika deduct TDS u/s 194Q from that supplier considering Gross receipt/sales/turnover of nagar palika in last is more than 10Cr and purchase of goods from a seller is more than 50 Lacs. (Basicaly my question is that weather Sec 194Q is applicable to this type of government entry who received fund from Centre Government and State Government and other agencies and use this fund for the purpose for which fund is received (ie for General Publice)

I required Project report on Commercial Vehicle finance from Bank, Kindly provide me as earliest possible at rohitdeshmukh.72@gmail.com

SIR,
A small business it returns non fileing person purchases of site value rs:20 lacs in f.y. 20-21
Question:
1.Assess it returns filed compulsory and how many years it returns filed.
2.purchases of site value showing in it returns compulsory.

Respected sir
I am salaried person. My Current yearly salary is Rs 1100000/-.
I have invested Rs 10 Lakh in Mutual Fund. Such entry is reflected in my 26AS. Now I want to submit my income tax return ITR 1. So i have to ask you , what is process to reply SFT 10 ? & Any other formalities in ITR ? Please reply

Dear Sir,

My colleagues received professional (consultancy) fees, and company also pay him rent.
TDS deducted u/s 194J(b), 194J of professional fees and TDS deducted u/s 194(i)b & 194(i)a of Rent. But rent is a expenses of my colleague not income.

When I am going to the file the return there is show house property income, but actual this is not a income.

Kindly advise